No service tax on lottery salesMember (Account Deleted)Print this
(i) "lottery" includes winnings from prizes awarded to any person by draw of lots or by chance or in any other manner whatsoever, under any scheme or arrangement by whatever name called; (ii) "card game and other game of any sort" includes any game show, an entertainment programme on t...
Payment in respect of deposits under National Saving Scheme 194EE 10.00% Payments on account of re-purchase of Units by Mutual Funds or UTI 194F 20.00% Commission, prize, etc; on the sale of lottery tickets Section 194G 5.00% Commission or brokerage received except for Insurance Commission Sec...
List of different kinds of taxable incomes in India— Pension or Salary, Businesses, House Property, Capital gain, Lottery/Betting, etc. Senior persons over the age of 75 who rely heavily on their pensions and other sources of income have been spared from filing tax returns. Related Articles ...
Interest on Securities. Insurance commission. Dividends from shares and UTI/Mutual Funds. Commission and brokerage. Prize money won from lotteries, horse races, etc. Payments to non-resident sportsmen or sports associations. Commission on sale of lottery tickets. Fees for professional and tec...
There are no TDS tax deduction for redeem of amount less than 10K and based on TDS (Tax Deduction at Source) rules for online card games winnings in India, Khelo365 deducts TDS of 30% to any redeem above 10K rupees
Income from lottery prizes 25% 32 Indonesian Pocket Tax Book 2024 PwC Indonesia Withholding Taxes Description Tax rate 10. Certain income received by individuals and corporate (except PEs) with gross turnover of not more than IDR 4.8 billion in one fiscal year 11. Certain dividend received by ...
Consumption taxes, which are taxes on consumer goods and services, are usually regressive because individuals with lower incomes spend a larger portion of their income on these goods and services than higher-income individuals do. Some examples of these consumption taxes are the taxes on alcohol and...
The letter argued that Rule 31A strictly applies to the supply of actionable claims in the form of chance to win in betting, gambling or horse racing. “Activities and contests predominantly based on chance, such as betting, gambling, lottery and horse racing have been treated as a class itse...
The details of the types of ITR filing forms available in India are given below: 1. ITR-1 or Sahaj This type of ITR filing form is to be filled by the individuals who fall under the category: Salary & pension earners Income earned from other sources (excluding winning a lottery or hors...